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Packaged-Foods Stocks the Market Will Eat Up

Credit Suisse says Hershey and Hillshire Brands are top sector picks.

April 2, 2013

Credit Suisse

Branded packaged-foods sales rose 2.6% and volume is now comfortably in positive territory at 1.1%.

The positive trends are consistent with the tone we heard from management teams at last month's Consumer Analyst Group of New York (CAGNY) conference, which indicated surprisingly high-consumer resistance to higher payroll...